Solana's price has seen a significant decline following its new all-time high of $294.33 reached yesterday. The downturn is attributed primarily to network congestion, which is speculated to have been fueled by a sudden surge in transactions.
This, coupled with an increase in spam bots and block producers, has resulted in Solana's recent price dip.
The impact of these technical challenges has raised concerns regarding the network's handling of high traffic volumes and its effects on price stability.
